The initial hearing in the Dodgers’ bankruptcy took place this afternoon. Just adjourned in fact. The biggest takeaway: Major League Baseball has, for the time being at least, agreed to let Frank McCourt run the team with this interim financing deal.

That agreement seems like the only option at the moment, inasmuch as the judge would not rule on Major League Baseball’s alternative financing plan today, probably because he just saw the thing for the first time this morning. There will be a hearing on July 20th, however, in which MLB’s financing plan is scrutinized.

So for now, nothing changes in Dodgers land. Frank controls the team — though MLB still has oversight via the controller it installed a couple of months ago — and all operations are continuing to run up Frank McCourt’s debt.

Paxton, 30, has been among the game’s better starters over the past few years. In 2018, he went 11-6 with a 3.76 ERA and a 208/42 K/BB ratio in 160 1/3 innings. The lefty has two more years of arbitration eligibility remaining after earning $4.9 million this past season.

Sheffield, 22, is the headliner in the Mariners’ return. He made his major league debut in September for the Yankees, pitching 2 2/3 innings across three appearances. Two of those appearances were scoreless; in the third, he gave up a three-run home run to J.D. Martinez, certainly not an uncommon result among pitchers. MLB Pipeline rates Sheffield as the Yankees’ No. 1 prospect and No. 31 overall in baseball.

Thompson-Williams, 23, was selected by the Yankees in the fifth round of the 2016 draft. This past season, between Single-A Charleston and High-A Tampa, he hit .299/.363/.546 with 22 home runs, 74 RBI, 63 runs scored, and 20 stolen bases in 415 plate appearances. He was not among the Yankees’ top-30 prospects, per MLB Pipeline.

Swanson, 25, was selected by the Yankees in the eighth round of the 2014 draft. He spent most of his 2018 campaign between Double-A Trenton and Triple-A Scranton/Wilkes-Barre. Overall, he posted a 2.66 ERA with a 139/29 K/BB ratio in 121 2/3 innings. MLB Pipeline rated him No. 22 in the Yankees’ system.

This trade comes as no surprise as the Yankees clearly wanted to upgrade the starting rotation and the Mariners seemed motivated to trade Paxton this offseason. To the Mariners’ credit, they got a solid return for Paxton, as Sheffield likely becomes the organization’s No. 1 prospect. The only worries about this trade for the Yankees is how Paxton will fare in the more hitter-friendly confines of Yankee Stadium compared to the spacious Safeco Field, and Paxton’s durability. Paxton has made more than 20 starts in a season just twice in his career — the last two years (24 and 28). The Yankees are likely not done adding, however. Expect even more new faces before the start of spring training.